MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Budget Balance Data After Last Week’s IMF Meeting

ARGENTINA
  • At his meeting with IMF Managing Director Georgieva at Davos last week, President Milei reiterated his commitment to reducing inflation and eliminating the country’s fiscal deficit. His plan to slash public spending met with approval from the IMF, but implementation will be a challenge given the country’s very weak macro position.
  • In this context, attention will be on today’s budget balance data for December which look set to reveal another large budget deficit at year-end, after the November figure printed at -210.48bn pesos. According to Bloomberg, analysts expect a c.3% of GDP fiscal deficit this year, after an expected 5% of GDP shortfall in 2023. Later in the week, Argentina will also publish economic activity data on Tuesday, which are expected to show a -0.7% y/y contraction in activity in November, vs. +0.6% previously.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.